Allergan PLC. (NYSE:AGN) has been given a $231.00 price objective by analysts at Cantor Fitzgerald in a note issued to investors on Thursday. The firm currently has a “hold” rating on the stock. Cantor Fitzgerald’s target price suggests a potential upside of 13.19% from the company’s previous close.

A number of other brokerages also recently weighed in on AGN. Mizuho restated a “buy” rating and set a $267.00 target price on shares of Allergan PLC. in a report on Wednesday, August 2nd. Royal Bank Of Canada set a $285.00 target price on shares of Allergan PLC. and gave the stock a “buy” rating in a report on Thursday, August 3rd. Wells Fargo & Company boosted their target price on shares of Allergan PLC. to $278.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Deutsche Bank AG restated a “buy” rating and set a $273.00 target price (up from $265.00) on shares of Allergan PLC. in a report on Monday, July 17th. Finally, Vetr upgraded shares of Allergan PLC. from a “sell” rating to a “hold” rating and set a $242.88 target price on the stock in a report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $271.64.

Shares of Allergan PLC. (NYSE AGN) traded down 1.22% on Thursday, hitting $204.08. 1,986,247 shares of the stock traded hands. The firm’s 50 day moving average is $216.96 and its 200 day moving average is $232.50. The firm has a market capitalization of $68.23 billion, a PE ratio of 6.22 and a beta of 1.15. Allergan PLC. has a 52 week low of $184.50 and a 52 week high of $256.80.

Allergan PLC. (NYSE:AGN) last issued its earnings results on Thursday, August 3rd. The company reported $4.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.95 by $0.07. The business had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $3.95 billion. Allergan PLC. had a net margin of 79.17% and a return on equity of 7.37%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the previous year, the company earned $3.35 earnings per share. On average, analysts expect that Allergan PLC. will post $16.21 EPS for the current fiscal year.

Allergan PLC. announced that its Board of Directors has initiated a share buyback plan on Monday, September 25th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the company to reacquire up to 2.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

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Several institutional investors have recently made changes to their positions in the company. Hudock Capital Group LLC lifted its position in Allergan PLC. by 0.4% during the second quarter. Hudock Capital Group LLC now owns 571 shares of the company’s stock worth $138,000 after purchasing an additional 2 shares during the period. GWM Advisors LLC lifted its position in Allergan PLC. by 0.4% during the first quarter. GWM Advisors LLC now owns 1,260 shares of the company’s stock worth $300,000 after purchasing an additional 5 shares during the period. Burns J W & Co. Inc. NY lifted its position in Allergan PLC. by 0.7% during the second quarter. Burns J W & Co. Inc. NY now owns 906 shares of the company’s stock worth $220,000 after purchasing an additional 6 shares during the period. Pacific Center for Financial Services lifted its position in Allergan PLC. by 1.3% during the second quarter. Pacific Center for Financial Services now owns 541 shares of the company’s stock worth $132,000 after purchasing an additional 7 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC lifted its position in Allergan PLC. by 0.5% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,666 shares of the company’s stock worth $405,000 after purchasing an additional 9 shares during the period. 82.04% of the stock is owned by institutional investors.

About Allergan PLC.

Allergan, Inc is a multi-specialty healthcare company. The Company focuses on developing and commercializing pharmaceuticals, biologics, medical devices and over-the-counter (OTC) products. It discovers, develops and commercializes a range of products for the ophthalmic, neurological, medical aesthetics, medical dermatology, breast aesthetics, urological and other specialty markets.

Analyst Recommendations for Allergan PLC. (NYSE:AGN)

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